Current Attempt in Progress

The following transactions are for Kingbird Company.

On December $3,$ Kingbird Company sold $$473,800$ of merchandise to Blossom Co$.,$ on account, terms $\frac{2}{10},\frac{n}{30}.$ The cost of

the merchandise sold was $$320,000.$

On December $8,$ Blossom Co$.$ was granted an allowance of $$22,800$ for merchandise purchased on December $3.$

On December $13,$ Kingbird Company received the balance due from Blossom Co$.$

Prepare the journal entries to record these transactions on the books of Kingbird Company. Kingbird uses a perpetual inventory

system. $($If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically

indented when amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

$($To record sale of merchandise on account$)$